SAP Starts EUR500 Million Buyback Program
01 August 2022 - 5:24PM
Dow Jones News
By Pierre Bertrand
SAP SE on Monday said that it has started a share repurchase
program of up to 500 million euros ($511.3 million) that will last
until Dec. 21 at the latest.
The German software company said that up to 5.5 million shares,
or approximately 0.45% of the company's share capital, will be
repurchased.
The buyback program is based on the company's July 29 closing
share price of EUR90.68 in the Xetra trading system of the
Frankfurt stock exchange, SAP said.
The company first announced the buyback on July 21. The program
follows the repurchase of 10 million shares for about EUR1 billion
in the first half of 2022 and the repurchase of around 14 million
shares for about EUR1.5 billion in 2020.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
August 01, 2022 03:09 ET (07:09 GMT)
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